Iran holds Syrian goods exhibition

Iran is holding its first exhibition of goods produced in Syria to promote economic links between the 2 allies.

The 5-day event that opened in Tehran on Saturday features about 260 Syrian producers of clothes, foodstuffs and medical supplies.

Global companies gather in post-war Libya for revival of energy industry

Laaska News  Apr.25, 2012
TRIPOLI, April 24 (Xinhua) — Representatives from over 200 Libyan, Arabic and international energy enterprises on Tuesday continued exchanging ideas here on ways to maximize the benefits that Libya could gain from its oil and gas richness after the nation’s rebirth last year.

Japan, Venezuela agree on oil development tie-up

Japan has agreed to extend its energy cooperation with Venezuela to increase oil imports from the country amid a growing need for petroleum energy in Japan due to the suspension of its nuclear power plants.

IMF gets $430 bil. funding boost

The finance chiefs of the G20 nations have pledged more than 430 billion dollars to shore up the lending capacity of the International Monetary Fund.

Malta unfreezes Libyan assets

Malta has unfrozen some 300 million euros in bank deposits owned by Libyan companies. Nearly 90 million euros that were deposited by the Gaddafi clan remain under freeze.

US nominates college president as World Bank head

The US government has nominated Jim Yong Kim as head of the World Bank. The president of Dartmouth College is also a global health expert.

Japan, US, EU to file trade case against China

Japan, the United States and the European Union plan to file a trade case against China over its export restrictions on rare-earth minerals.

Japan announced on Tuesday that the 3 economies will take the case to the World Trade Organization, saying China’s control of such minerals violates trade rules.

Japan to ban trade with Iran’s Bank Tejarat

The Japanese government will impose additional sanctions against Iran, banning its 3rd largest bank from trading with Japanese financial institutions. Iran continues to develop its nuclear program despite UN sanctions.

Libya to honour contracts with Russia

In an interview with the ITAR-TASS news agency Friday, interim Libyan Prime Minister Abdel Rahim Al-Keeb assured Russia that his country would honour all the contracts that it signed with Russian companies in

Libyan oil exports rise

Oil production in Libya has reached 1.4 million barrels a day officials with country’s oil ministry have said in a statement.

G20 issues joint statement

Group of 20 finance ministers and central bank chiefs say they won’t provide more funds to the IMF unless Europe makes further progress in tackling its debt crisis.

Greece faces challenges

Laaska News Feb. 21, 2012

Economists say Greece faces a number of challenges despite the agreement on a second bailout to help the country avoid default.

A short-term issue is whether the country can implement austerity measures.

Iran stops oil sales to British, French companies

Laaska News Feb. 19, 2012

Iran has stopped selling crude to British and French companies, an oil ministry spokesman said, the ministry’s website reported on Sunday.

Iran Oo Joojinaysa Inay Saliid Ka Iibiso Shirkadaha Ingiriiska,Faransiiska

Laaska News Feb. 19, 2012

Iran waxay joojinaysaa in ay ka iibiso saliid cayriin shirkadaha Ingiriiska iyo Faransiiska ,sida uu sheegay afhayeenka wasaaradda saliidda (shidaalka),laguna qoray shabakad ay leedahay wasaaradda shidaalku.

African cargo ship pulled to Turkish port after water leakage

Laaska News  Feb. 12, 2012

ANKARA, Feb. 12 (Xinhua) — A cargo ship with the flag of African nation Comoros was pulled to the Turkish Eregli port Sunday after it asked for help due to water leakage, Turkish semi- official Anatolia news agency reported.

Oil tank swept by tsunami to be kept as monument

Laaska News Feb. 11, 2012

A fish processing company in Ishinomaki City has decided to keep an oil tank that was swept away by tsunami 11 months ago as a memorial.

The tank measures 11 meters in height and 9

China and Russia to gain the most from Iranian oil ban

Laaska News Jan 27, 2012

Photo: EPA  

As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say China and Russia stand to gain the most and Western oil firms and consumers may emerge the biggest losers.

IMF:Iran sanctions could lead to 30% hike in crude

The International Monetary Fund says global crude oil prices could jump 30 percent as a result of US and European sanctions against Iran.

In a report released on Wednesday, the IMF said a halt of Iran’s oil

Africa Oil spuds oil well in Kenya

Laaska News Jan 26, 2012

NAIROBI, Jan. 25 (Xinhua) — Canadian oil and gas exploration firm, Africa Oil said on Wednesday that it has started spudding the Ngamia-1 exploratory well on Block 10BB in Kenya.

The company said in a statement issued in Nairobi the Ngamia-1 well which is located in the Lokichar basin, a north-south trending rift basin that is part of the East African Rift System marks the start of a multiwell program on Block 10BB and adjacent blocks in the east African nation.

Japan calls for exceptions on US sanctions on Iran

 

 

Japan and the United States will continue their talks to seek early consent over a Japanese request for the country to be exempted from US-proposed sanctions against Iran.

Officials of the 2 nations met in Tokyo on Thursday to discuss the planned sanctions aimed at putting the Iranian oil trade to a halt.